PPP Loan Data — Slayton Homes LLC, Lebanon, TN
Slayton Homes LLC is a limited liability company (LLC) located at 9984 Murfreesboro Rd in Lebanon, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,217.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Slayton Homes LLC in Lebanon, TN received a Paycheck Protection Loan of $25,217 through BancorpSouth Bank, which was approved in July, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Slayton Homes LLC's 2019 payroll expenses are estimated to be at least $121,042.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,521 per employee1
Reported PPP Proceed Usage:
On the PPP application, Slayton Homes LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,217
Business Information - Slayton Homes LLC in Lebanon, TN
9984 Murfreesboro Rd
Lebanon, TN 37090
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lebanon
In the Lebanon area, 6 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $30,790 (compared to this company's $25,217).
Similar Nearby Businesses Who Received PPP Funding:
Hickerson & Son Construction LLC
Paul L Neese II
Paul And Lauren Neese Construction
David Robinson Construction, LLC
Adam Mack Garner
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 250% higher than Slayton Homes LLC's reported 2 employees, and received an average PPP loan of $76,411, 203% higher than this company's loan of $25,217.
FederalPay's PPP Information Policy
Footnotes & Information
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